老快3开奖结果江苏:Tuvalu and ADB

In the Spotlight

Investments in basic services must be complemented by policy and regulatory reforms as well as capacity development to support a shift towards more commercially viable utilities in the Pacific, says the latest issue of the ADB?Pacific Economic Monitor.

Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Growth is projected to decelerate slightly in Tuvalu, says a new ADB report.

Tuvalu is a fragile microstate consisting of nine low-lying atolls. The country has a total area of only 26 square kilometers, and most of its 11,000 people live on the main island, Funafuti.

With few exports, Tuvalu is almost entirely dependent on external aid as well as highly variable revenue from fishing licenses, remittances, surpluses from the country’s overseas trust fund, and rent of its “dot tv” internet extension. Building and maintaining fiscal resilience and upgrading maritime infrastructure are key priorities for the government.

In line with the Pacific Approach, the country operations business plan for 2019?2021 takes a multicountry approach to identify common development challenges and opportunities for operational efficiencies across the 11 small Pacific island countries.

Tuvalu

About ADB

The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

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